In an effort to consolidate agency business McDonald’s Corporation (NYSE:MCD) ends its 35 years of relation with Publicis Groupe’s Leo Burnett in United States. The company has appointed Omnicom which will be its new...

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) shares were unfavorably impacted by one or the other factor in the last nearly two years. More than the company’s operations or the problems within the industry, the...

A Brazil Audit Court report has outlined how state-controlled Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) lost as much as $7.6 billion or 29 billion reals in shoddy deals. The report affirms that most of the...

Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) shares witnessed about 20% gain last week triggering fresh interest in the stock due to increasing oil prices. However, there remained a question whether it was a...

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)’s problems are compounding. The company’s objective of becoming the world’s biggest oil company is getting shattered one-by-one. The company was forced to make a cut in its capital...

Moody’s is not convinced regarding the aggressive plan announced by Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR). The company disclosed its intention to cut down its capital expenditure and resort to cutting investments, as well...

There is going to be a big cut in investment planned by Petroleo Brazileiro Petrobras SA (ADR) (NYSE:PBR). That is partly because the company is shrinking following the scandal impacting the performance of the...

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has had a rocky ride with oil prices plummeting and corruption. Though the company is still under the control of the government, one of the recent statements from...

The world’s most indebted oil producer Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is shifting its attention to the Chinese market, as a series of big corruption scandals continue to affect its ability to pursue...